Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud

Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud.

By Sums on Tuesday,Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud that a former senior trader at Royal Bank of Scotland pleaded guilty in federal court in Connecticut on Monday to one count of conspiracy to commit securities fraud as part of the government’s inquiry into the sales practices of Wall Street bonuses.

A former top trader at the Royal Bank of Scotland pleaded guilty in federal court in Connecticut on Monday to one count of conspiracy to commit securities fraud as part of the government’s investigation into Wall Street bond sales practices.

Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud, Adam Siegel, the former co-head of securitized bond trading at R.B.S., waived his right to indictment and agreed to cooperate. He admitted to conspiring to increase the bank’s profits by lying to customers about the prices of securities they were buying or selling. Mr. Siegel worked in R.B.S.’s office in Stamford, Conn.

Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud that the plea comes after the cooperation of Matthew Katke, a former R.B.S. corporate bond trader, who pleaded guilty in March to conspiracy to commit securities fraud in the Connecticut federal prosecutor’s investigation.

Regulators have been scrutinizing debt sales practices on Wall Street. In September, the Securities and Exchange Commission accused three former Nomura Securities bond traders of misleading customers on bond prices. They also face criminal charges brought by Deirdre M. Daly, the United States attorney for Connecticut, who announced Mr. Siegel’s guilty plea on Monday.

“Broker-dealers do not have a license to lie to their customers,” Ms. Daly said about Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud.

Certain types of bonds are bought and sold through brokers who facilitate trading and make money on the difference between the price paid to buy securities from one customer and sell them to another.

Ms. Daly has not won every case, however. Earlier this month, a federal appeals court overturned the 2014 conviction of Jesse C. Litvak, a former Jefferies Group head trader. The United States Court of Appeals for the Second Circuit said there was a lack of evidence that Mr. Litvak made material misstatements to the government, sending some of the charges back to the lower court to be retried.

Mr. Siegel was a trader in R.B.S.’s Stamford office from 2008 to 2014, supervising trading in residential mortgage-backed securities and collateralized debt obligations.

The scheme happened in two ways, prosecutors said. The traders misrepresented the seller’s asking price to the buyer, and vice versa, keeping the difference for R.B.S. The traders also told customers who wanted to buy bonds that a fictitious third party was selling them, rather than telling them the securities were coming out of R.B.S.’s holdings. That allowed the traders to charge an unearned commission. The scheme targeted 35 victims, Ms. Daly said.

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And when we woke up, we had these bodies. They’re like, except I’m having them! Oh, I think we should just stay friends. You’ll have all the Slurm you can drink when you’re partying with Slurms McKenzie Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry?

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It is nice to be important, but it’s more important to be nice.

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A Bicyclops Built For Two

I love you, buddy! Yep, I remember. They came in last at the Olympics, then retired to promote alcoholic beverages! The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.

I saw you with those two “ladies of the evening” at Elzars.

For the last time, I don’t like lilacs! Your first wife was the one.

But the flesh is spongy and spanac bruised?

Oh, all right, I am. But if anything happens to me, tell them I died robbing some old man. When will that be? Well, take care of yourself, Han. I guess that’s what you’re best at, ain’t it? I don’t know what you’re talking about.

Progress is a nice word.

Daylight and everything. This is the worst part. The calm before the battle. I saw you with those two “ladies of the evening” at Elzars. Explain that. Leela, Bender, we’re going grave robbing. Who am I making this out to?

It’s nice to just embrace the natural beauty within you. Who am I making this out to? Shut up and get to the point!

And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, you mean while for the love of God, don’t not do it!

Doomsday device? Ah, now the ball’s in Farnsworth’s court! You mean while I’m sleeping in it? Shut up and get to the point!

I’ve got to find a way to escape the horrible ravages of youth. Suddenly, Going to the bathroom like clockwork, every three hours. And those jerks at Social Security stopped sending me checks. Who am I making this out to?

They came in last at the Olympics, then retired to promote alcoholic beverages! I haven’t felt much of anything since my guinea pig died. This is the worst part. The calm before the battle.

You have to enjoy life. Always be surrounded by people that you like.

Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. Just once I’d like to eat dinner with a celebrity who isn’t bound and gagged. I guess if you want children beaten, you have to do it yourself. Interesting. No, wait, the other thing: tedious.

I haven’t felt much of anything since my guinea pig died. Quite possible. We live long and are celebrated science. And remember, don’t do anything that affects anything, unless it turns out you were supposed to.

Everyone in this world is somehow connected.

Ah, computer dating. It’s like pimping, but you rarely have to use the phrase “upside your head.” Who am I making this out to?

You mean while I’m sleeping in it? Throw her in the brig. Michelle, I don’t regret this, but I both rue.

Daylight and everything. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. So I really am important? How I feel when I’m drunk is correct?

Good man. Nixon’s pro-war and pro-family. And then the battle’s not so bad? And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, for the love of God, don’t not do it! Shut up and get to the point! Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? I’m sure those windmills will keep them cool.

Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I love you, buddy! Please, Don-Bot look into your hard drive, and open your mercy file! You guys aren’t Santa! You’re not even robots. How dare you lie in front of Jesus? Hey, whatcha watching? That’s right, baby. I ain’t your loverboy Flexo, the guy you love so much. You even love anyone pretending to be him!

Real generosity is doing something nice for someone who will never find out.

Kids have names? That could be beautiful soul sitting naked on a couch. If I could just learn to play this stupid thing. No! I want to live! There are still too many things I don’t own! Yeah, I do that with my stupidness. You can see how I lived before I met you. Do a flip!

Hello Morbo, how’s the family? I’ve been there. My folks were always on me to groom myself and wear underpants. What am I, the pope? I love this planet! I’ve got wealth, fame, and access to the depths of sleaze that those things bring. We’ll need to have a look inside you with this camera.

And when we woke up, we had these bodies. They’re like, except I’m having them! Oh, I think we should just stay friends. You’ll have all the Slurm you can drink when you’re partying with Slurms McKenzie Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry?

Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. Quite possible.

It is nice to be important, but it’s more important to be nice.

You guys go on without me! I’m going to go look for more stuff to steal! You guys realize you live in a sewer, right? Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? If rubbin’ frozen dirt in your crotch is wrong, hey I don’t wanna be right.

Fetal stemcells, aren’t those controversial? You don’t know how to do any of those. What’s with you kids? Every other day it’s food, food, food. Alright, I’ll get you some stupid food. You won’t have time for sleeping.

A Bicyclops Built For Two

I love you, buddy! Yep, I remember. They came in last at the Olympics, then retired to promote alcoholic beverages! The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.

I saw you with those two “ladies of the evening” at Elzars.

For the last time, I don’t like lilacs! Your first wife was the one.

But the flesh is spongy and spanac bruised?

Oh, all right, I am. But if anything happens to me, tell them I died robbing some old man. When will that be? Well, take care of yourself, Han. I guess that’s what you’re best at, ain’t it? I don’t know what you’re talking about.

Progress is a nice word.

Daylight and everything. This is the worst part. The calm before the battle. I saw you with those two “ladies of the evening” at Elzars. Explain that. Leela, Bender, we’re going grave robbing. Who am I making this out to?

It’s nice to just embrace the natural beauty within you. Who am I making this out to? Shut up and get to the point!

And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, you mean while for the love of God, don’t not do it!

Doomsday device? Ah, now the ball’s in Farnsworth’s court! You mean while I’m sleeping in it? Shut up and get to the point!

I’ve got to find a way to escape the horrible ravages of youth. Suddenly, Going to the bathroom like clockwork, every three hours. And those jerks at Social Security stopped sending me checks. Who am I making this out to?

They came in last at the Olympics, then retired to promote alcoholic beverages! I haven’t felt much of anything since my guinea pig died. This is the worst part. The calm before the battle.

You have to enjoy life. Always be surrounded by people that you like.

Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. Just once I’d like to eat dinner with a celebrity who isn’t bound and gagged. I guess if you want children beaten, you have to do it yourself. Interesting. No, wait, the other thing: tedious.

I haven’t felt much of anything since my guinea pig died. Quite possible. We live long and are celebrated science. And remember, don’t do anything that affects anything, unless it turns out you were supposed to.

Everyone in this world is somehow connected.

Ah, computer dating. It’s like pimping, but you rarely have to use the phrase “upside your head.” Who am I making this out to?

You mean while I’m sleeping in it? Throw her in the brig. Michelle, I don’t regret this, but I both rue.

Daylight and everything. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. So I really am important? How I feel when I’m drunk is correct?

Good man. Nixon’s pro-war and pro-family. And then the battle’s not so bad? And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, for the love of God, don’t not do it! Shut up and get to the point! Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? I’m sure those windmills will keep them cool.

Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I love you, buddy! Please, Don-Bot look into your hard drive, and open your mercy file! You guys aren’t Santa! You’re not even robots. How dare you lie in front of Jesus? Hey, whatcha watching? That’s right, baby. I ain’t your loverboy Flexo, the guy you love so much. You even love anyone pretending to be him!

Real generosity is doing something nice for someone who will never find out.

Kids have names? That could be beautiful soul sitting naked on a couch. If I could just learn to play this stupid thing. No! I want to live! There are still too many things I don’t own! Yeah, I do that with my stupidness. You can see how I lived before I met you. Do a flip!

Hello Morbo, how’s the family? I’ve been there. My folks were always on me to groom myself and wear underpants. What am I, the pope? I love this planet! I’ve got wealth, fame, and access to the depths of sleaze that those things bring. We’ll need to have a look inside you with this camera.

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